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Bharat Heavy ElectricalsBOM:500103 +0.15%77 PS Ratio is 3.97 as of Aug. 07, 2026, which is 86% above its 10-year median of 2.13. GuruFocus rates BOM:500103 with a GF Score™ of 77/100 and a GF Value™ of ₹346.12 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 3,023 Industrial Products companies, Bharat Heavy Electricals ranks worse than 71.92% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Bharat Heavy Electricals's share price is ₹411.00.
Bharat Heavy Electricals's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 was ₹103.41. Hence, Bharat Heavy Electricals's PS Ratio for today is 3.97.
Warning Sign:
Bharat Heavy Electricals Ltd stock PS Ratio (=4.03) is close to 1-year high of 4.29.
The historical rank and industry rank for Bharat Heavy Electricals's PS Ratio or its related term are showing as below:
BOM:500103'
s PS Ratio Range Over the Past 10 Years
Min: 0.27 Med: 2.13 Max: 7.75
Current: 4
During the past 13 years, Bharat Heavy Electricals's highest PS Ratio was 7.75. The lowest was 0.27. And the median was 2.13.
BOM:500103's PS Ratio is ranked worse than 71.92% of 3023
companies
in the Industrial Products industry
Industry Median: 2.01
vs BOM:500103: 4.00
During the past 12 months, the average Revenue per Share Growth Rate of Bharat Heavy Electricals was 27.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 13.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 13.30% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 0.60% per year.
During the past 13 years, Bharat Heavy Electricals's highest 3-Year average Revenue per Share Growth Rate was 62.60% per year. The lowest was -19.20% per year. And the median was 3.95% per year.
Bharat Heavy Electricals (BOM:500103) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Specialty Industrial Machinery subindustry, Bharat Heavy Electricals's PS Ratio, along with its competitors' market caps and PS Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bharat Heavy Electricals PS Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bharat Heavy Electricals's PS Ratio distribution charts can be found below:
* The bar in red indicates where Bharat Heavy Electricals's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Bharat Heavy Electricals's Share Price of today is ₹411.00. Bharat Heavy Electricals's Revenue per Share for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹103.41.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
Bharat Heavy Electricals (BOM:500103) has a PS Ratio of 3.97 as of Aug. 07, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Bharat Heavy Electricals and its competitors. This is 86% above median its historical median of 2.13. Over the past decade, Bharat Heavy Electricals' PS Ratio has ranged from 0.27 to 7.75. According to the industry distribution chart, Bharat Heavy Electricals ranks #2174 out of 3023 companies in the Industrial Products industry, placing it in the top 71.9%.
Is Bharat Heavy Electricals' PS Ratio too high?
Bharat Heavy Electricals' current PS Ratio of 3.97 is 86% above median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 7.75. The Industrial Products industry median PS Ratio is 2.01. Bharat Heavy Electricals' value of 3.97 is 97.5% above this industry median. Based on the distribution chart, Bharat Heavy Electricals ranks #2174 out of 3023 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Bharat Heavy Electricals has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bharat Heavy Electricals' PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Bharat Heavy Electricals ranks #2174 out of 3023 companies for PS Ratio. This places Bharat Heavy Electricals in the lower half of its industry. The industry median PS Ratio is 2.01. Bharat Heavy Electricals' value of 3.97 is 97.5% above this benchmark. Historically, Bharat Heavy Electricals' own PS Ratio has ranged from 0.27 to 7.75 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 2.01, Bharat Heavy Electricals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PS Ratio for an Industrial Products company?
The median PS Ratio among Industrial Products companies is 2.01, based on 3,023 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bharat Heavy Electricals's current PS Ratio of 3.97 is 97.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Bharat Heavy Electricals and its competitors. For the Industrial Products industry, the median PS Ratio is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bharat Heavy Electricals's current PS Ratio is 3.97, which is 86% above median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bharat Heavy Electricals stock overvalued right now?
Based on GuruFocus' analysis, Bharat Heavy Electricals (BOM:500103) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹346.12, compared to a current price of ₹411.00 — trading 18.7% above its estimated fair value. The current PS Ratio is 3.97, which is 86% above median its 10-year median of 2.13 and 97.5% above the Industrial Products industry median of 2.01. Bharat Heavy Electricals' overall GF Score™ is 77/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Bharat Heavy Electricals (BOM:500103), the current PS Ratio is 3.97 as of Aug. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Bharat Heavy Electricals (BOM:500103) Overvalued in 2026?
Based on GuruFocus' analysis, Bharat Heavy Electricals stock appears to be overvalued.
The current stock price of ₹411.00 is trading 18.7% above its estimated GF Value™ of ₹346.12.
GuruFocus considers Bharat Heavy Electricals to be Modestly Overvalued.
Key valuation signals for BOM:500103:
PS Ratio: 3.97 (86% above median its 10-year median of 2.13)
GF Value™: ₹346.12 vs. price of ₹411.00 (18.7% above fair value)
Industry Position: 97.5% above the Industrial Products median (#2174 of 3023)
No single metric tells the full story. See the BOM:500103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer and engineering company in India. Its products and services serve power, transportation, energy, oil and gas, defense, and other industrial markets. The company has three business segments: Power (which contributes the majority of total revenue), Industry sector and International Operations. Bharat's product portfolio consists of heavy industrial equipment and components, including turbines, valves, pumps, boilers, and insulators. In addition, the company offers aftersales service to customers for maintenance and repairs and can help synchronize power plants. The majority of total revenue is derived from India, but the company has a footprint in many different regions.
77GF Score
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